Question

Fill in the blanks below with either the word "up" or the word "down" to infer the state of the nation's economy.

Answer 1

Incomplete question. The full question read;

How was the United States doing in the years following World War II? Fill in the blanks below with either the word “up” or the word “down” to indicate the state of the nation.

• Government spending was___.
• Employment was___.
• Wages were__.
• The economy was__.

Answer:

• Government spending was up. Employment was up.
• Wages were up.
• The Economy was up.

Explanation:

1. Historical record confirms that the years after World War II saw a rise in government spending since there was an increased interest in defense spending.

2. With the war having ended, new employment opportunities became available, leading to an up in the employment rate than previously seen before the war.

3. Labor costs (wages) also increased as there was a growing demand for labor in industries.

4. In general the United States economy witnessed more money been pumped into the economy by the government; leading to positive economic growth.